Use of a Scanner or a Fax Machine to Store

question 26

Short Answer

Use of a scanner or a fax machine to store the paper document electronically into a computer program or onto an optical disc is called ____________.

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Definitions:

Average Total Cost

The cost per unit of output, calculated by dividing the overall production costs by the number of units produced.

Profit-maximizing

A strategy or point where a business reaches the highest possible profit level with given operational limits and market conditions.

Total Revenue

the overall amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.

Variable Cost

Costs that change in proportion to the activity of a business such as the cost of raw materials.